Strategy founder Michael Saylor revealed that the company plans to convert its $6 billion convertible debt into equity within 3 to 6 years. The company stated in a post on the X platform that even if the price of BTC falls to $8,000, Strategy still has sufficient assets to fully cover its debt. Currently, the company holds 714,644 BTC, with reserves valued at $49 billion, and its convertible debt is approximately $6 billion. Strategy's average Bitcoin purchase price was approximately $76,000; based on the current trading price of $68,400, the company's investment is currently at a loss of about 10%. Furthermore, Saylor posted a chart on the X platform on Sunday showing Strategy's increasing holdings, hinting at further Bitcoin purchases, marking the company's 12th consecutive week of buying. (cointelegraph)